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AP® Macroeconomics

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Moderate

Market Inefficiency

APMACR-S61O54

Refer to the graph above.

Which of the following would exist if price was fixed at $15?

A

Shortage of 60 tickets.

B

Shortage of 40 tickets.

C

Surplus of 100 tickets.

D

Shortage of 100 tickets.

E

Surplus of 60 tickets.